Wolverine World Wide Inc (WWW)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 152,100 | 140,200 | 148,300 | 169,700 | 179,000 | 160,400 | 176,500 | 116,200 | 131,500 | 136,400 | 149,300 | 149,600 | 161,700 | 183,600 | 345,800 | 364,800 | 347,400 | 342,000 | 422,600 | 472,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -30,200 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 533,100 | 618,600 | 665,600 | 730,300 | 869,400 | 851,700 | 964,200 | 1,035,900 | 1,110,300 | 1,331,300 | 1,094,700 | 967,400 | 759,600 | 852,100 | 522,900 | 497,800 | 406,000 | 560,000 | 676,400 | 1,119,700 |
| Quick ratio | 0.29 | 0.23 | 0.22 | 0.23 | 0.21 | 0.19 | 0.18 | 0.11 | 0.12 | 0.10 | 0.14 | 0.15 | 0.17 | 0.22 | 0.66 | 0.73 | 0.86 | 0.61 | 0.62 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($152,100K
+ $—K
+ $—K)
÷ $533,100K
= 0.29
The quick ratio of Wolverine World Wide Inc has shown varying levels over the analyzed periods. From March 31, 2020, to December 31, 2020, the quick ratio increased steadily from 0.42 to 0.86, indicating an improvement in the company's ability to meet its short-term obligations using its most liquid assets.
However, the quick ratio started declining from March 31, 2021, reaching a low of 0.10 on September 30, 2022. This significant drop may suggest potential liquidity challenges in the short term. Subsequently, the ratio slightly recovered but remained below 0.30 until December 31, 2024.
Overall, the quick ratio trend indicates that Wolverine World Wide Inc may have faced some liquidity issues during the analyzed period, although the ratio improved towards the end of the timeframe. It is essential for the company to closely monitor and manage its liquidity position to ensure the ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024